Ashland Inc. board declares regular quarterly dividend

January 29, 2015

COVINGTON, Ky. - The board of directors of Ashland Inc. ASH has declared a quarterly cash dividend of 34 cents per share on the company's common stock. The dividend is payable March 15, 2015, to shareholders of record at the close of business on February 13, 2015. As of December 31, 2014, there were 69,264,646 shares of Ashland common stock outstanding.

About Ashland
Ashland Inc. ASH is a global leader in providing specialty chemical solutions to customers in a wide range of consumer and industrial markets, including architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical. Through our three commercial units - Ashland Specialty Ingredients, Ashland Performance Materials and Valvoline - we use good chemistry to make great things happen for customers in more than 100 countries. Visit ashland.com to learn more.
- 0 -

C-ASH

FOR FURTHER INFORMATION:

Investor Relations:
Jason Thompson         
+1 (859) 815-4454
jlthompson@ashland.com

Media Relations:
Gary Rhodes                                                              
+1 (859) 815-3047                                                     
glrhodes@ashland.com